Payroll & CIS | Sherwin Currid Accountancy

Administering your payroll takes up time, energy and resources you need for your main business activities. It’s also becoming an increasingly complex task, with potentially heavy penalties if you’re not fully compliant.

Add subcontractors to the mix, and the administrative headaches only increases – especially if you’re covered by the Construction Industry Scheme (CIS). Under CIS, you’re responsible for reporting your subcontractors’ payments and tax deductions to HMRC every month, with big fines possible if you make a mistake.

We’re here to help with all aspects of your payroll and CIS obligations, including:

• Managing PAYE, NI, Statutory Sick Pay, Statutory Maternity Pay and other taxes and benefits
• Completing statutory monthly and annual returns to HMRC
• Setting up and running automatic enrolment pension schemes
• Preparing and submitting your subcontractor monthly returns on time
• Administering the subcontractor verification process

And, as accredited IR35 advisers, we can help you navigate the tricky issues around taxing individuals working through limited companies and partnership ‘intermediaries’ as if they were directly employed by the end client.